Third Party Risk and Supplier Relationship Manager

PIC; Greater London; On-site; GBP 85,000 - 110,000; Full time

Benefits offered by this job

Performance bonus

Private medical insurance

28 days annual leave

Generous pension scheme

Insurance: Travel, Critical Illness, 1

Life Assurance and Income Protection

Job summary

PIC is seeking a seasoned Third-Party Risk Management (TPRM) professional to lead our third-party risk program within a regulated financial services environment. You will oversee onboarding, assessments, controls and ongoing monitoring, ensuring alignment with FCA/PRA requirements and strategic objectives.

You will drive reporting, KPIs and governance, leveraging Power BI and GRC tools to inform senior leadership and Board discussions.

Qualifications

• Knows TPRM lifecycle and supplier risk management.
• Understands FCA/PRA regulatory requirements as they apply to the company.
• Experience with risk reporting and governance processes.

Responsibilities

• Lead the TPRM lifecycle end-to-end including onboarding and assessments.
• Implement risk controls and mitigation strategies.
• Monitor supplier performance and risk exposure.
• Deliver reporting and insights to senior stakeholders.
• Communicate risks clearly to management.

Skills

TPRM lifecycle

Regulatory alignment

Data reporting

Power BI

GRC systems

ServiceNow

Prevalent

Stakeholder communication

Regulatory framework

Tools

ServiceNow

Prevalent

Power BI

Job description

Role purpose

We are seeking a well-rounded TPRM professional with strong regulatory alignment (SS2/21), hands-on supplier risk management experience, and capability in systems, reporting, and operational resilience within a regulated environment.

You will lead PIC’s Third-Party Risk Management (TPRM) programme, overseeing the identification, assessment, mitigation, and monitoring of third-party risks to ensure alignment with strategic objectives and regulatory requirements, while safeguarding the organisation’s assets, reputation, and stakeholders.

Key Responsibilities & Accountabilities

• Lead third-party risk lifecycle, including onboarding and assessments.
• Implement risk controls and mitigation strategies.
• Monitor supplier performance and risk exposure.
• Deliver reporting and insights to senior stakeholders.
• Communicate risks clearly and proactively.
• Manage supplier relationships, KPIs, and SLAs
• Manage supplier issues, disputes, and exits.
• Ensure compliance and drive continuous improvement.
• Use data to enhance reporting and decision-making.
• Maintain ongoing professional development.

Key skills and experience

PIC operates within the financial services industry and, therefore, is regulated by the FCA and the PRA. We would expect you to be able to demonstrate a good understanding of the regulatory framework and how it applies to the company.

Technical Attributes

• Strong knowledge of PRA SS2/21 and operational resilience (SS1/21)

• End-to-end expertise in the TPRM lifecycle
• Experience in supplier risk, performance, and relationship management
• Hands-on due diligence, assurance, and ongoing monitoring
• Proficiency in TPRM / GRC systems (e.g. ServiceNow, Prevalent)
• Strong data, reporting, and Power BI (or similar) capability for risk oversight and decision-making
• Knowledge of AI and how it can be used within TPRM.

Personal Attributes

• Translate regulatory requirements into practical controls, frameworks, and SOPs.

• Conduct robust risk assessments and supplier assurance (e.g. ISO, SOC reviews)
• Manage supplier performance and relationships, including KPIs/KRIs and governance.
• Influence and engage stakeholders across business, risk, and technical teams.
• Deliver clear, concise reporting for senior management and Board audiences.

DE&I at PIC

At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we’re proud of our progress, we recognise there’s work ahead, and we remain dedicated to listening, learning and evolving together.

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you’ll have access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme, insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection, and much more.